Vammalle, Camila; Ruiz Rivadeneira, Ana Maria - In: OECD journal on budgeting 19 (2019) 1, pp. 9-106
Uruguay is the only country in the world which has a five-year budget. A budget is prepared by each new government taking office and voted within 6 months of its swearing in, for the whole five-year government term. Each year, an annual revision (“budget update”) takes place, where the...